Network Organizer Initiates the X Cryptocurrency Trading Tournament

NEW YORK, July 15, 2024 (GLOBE NEWSWIRE) — The Orderly Network proudly unveils the X Crypto Trading Championship, an exciting new contest designed to invigorate the trading sphere in the face of current market conditions, boasting a generous prize fund of $175,000 USDC. The event aims to ignite passion and bring together distinguished traders globally, building positive momentum and unity within the community.

Beginning today, July 15 at 1PM (UTC), the championship will unfold over four weeks and include four consecutive ranking periods. Each segment lasts a week and will judge participants on their Profit and Loss (PNL), converted to USDC, for all trading pairs present on the Orderly Network. The end of each session will see the announcement of rankings and the dispensation of awards, all based on the aggregate points secured throughout the event.

Renowned for its state-of-the-art omnichain liquidity framework, Orderly Network provides a cutting-edge layer-2 solution that promotes streamlined, permissionless transactions in Web3. Harnessing the capabilities of the Orderly Chain and LayerZero, the network amalgamates multiple chain orders into a single orderbook, greatly optimizing trading efficacy, augmenting liquidity, and narrowing market spreads for an international pool of traders, addressing the issue of split liquidity in the cryptocurrency arena.

Entry to the prestigious Orderly X Crypto Trading Championship is curated and invitation-only, guaranteeing an elite group of professional traders who have been vetted by Orderly. Each selected Master Trader will be endowed with $10,000 USDC in their authorized wallet at the beginning of the contest, enabling them to partake in all the ranking segments.

Arjun Arora, Chief Operating Officer of Orderly Network, remarked, “Our commitment to providing cross-chain unified liquidity allows for versatile trading across any asset, blockchain, and interface. We stand by our traders in these testing times, confirming our dedication to top-tier trading facilities. The X Crypto Trading Championship is a call to the creme de la creme of the trading community, promoting fair play and deepening connections within the trading environment.”

To further complement the contest, Orderly Network has rolled out ‘The Road to the Order’ initiative, rewarding active platform traders with Merits that go towards securing their spot in a forthcoming airdrop event associated with Orderly’s token launch. This campaign has already piqued the interest of over 69,000 weekly traders, who earned merits with every transaction on the platform.

For more insights on the Orderly X Crypto Trading Championship and to discover more about Orderly Network’s pioneering liquidity solutions, visit
[
https://orderly.network/
].

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Orderly Network is a groundbreaking liquidity platform for Web3 trades, constructed on an omnichain architecture. By facilitating plentiful liquidity across various blockchains, Orderly empowers developers to smoothly originate extensive financial offerings for any trader profile, free from the complexities associated with inter-chain asset transfers.

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orderly.network

For any press inquiries related to this announcement, please reach out to pr@orderly.network

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